Please give the answers in order (1 - 2 - 3 - 4 - 5 - 6 -7...), the calculation is necessary.

If the cost of the beginning work in process inventory is $60,000, direct materials cost is $350,000, direct labor cost is $216,000, and overhead cost is $319,000, and the ending work in process inventory is $55,000, calculate the cost of goods manufactured: $885,000. $1,000,000. " $390,000. $945,000. " $571,000. D Refer to the following selected nancial information from McCormik, LLC. Compute the company's current ratio for Year 2. Year 2 Cash $372500 Short-term investments 90,000 Accounts receivable, net 85,500 121,000 12,100 388,000 113,400 711,000 390,000 .- Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold HIHIIIHIII The ratio (proportion) of the sales volumes for the various products sold by a company is called the: "- Inventory cost ratio. '\" Sales mix. Production ratio. Current product mix. Relevant mix. Question 11 Which of the following characteristics applies to process costing but not to job order cost accounting? Identiable units of production. Use of a predetermined overhead rate. Determining cost of goods manufactured. '- Use of a single Work in Process Inventory account. '- Equivalent units of production. If a company applies overhead to production with a predetermined overhead rate, a credit balance in the Factory Overhead account at the end of the period means that: " Actual overhead incurred was less than the overhead amount applied to production. Actual overhead was greater than the overhead amount applied to production. The bookkeeper has made an error because the debits don't equal the credits. The overhead was underapplied for the period. The balance will be carried forward to the next period as an overhead cost. Yamada Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Yamada had $125,000 of direct labor cost, and in the Finishing Department, Yamada had $35,000 of direct labor cost. The entry to apply overhead to these production departments is: 'f- Debit Factory Payroll $144,000: credit Cash $144,000. Debit Factory OverheadAssembly $112,500: debit Factory OverheadFinishing $31,500: credit Work in Process Inventory $144,000. .. Debit Work in Process InventoryAssembly $112,500: debit Work in Process InventoryFinishing $31,500: credit Factory Overhead $144,000. 7- Debit Factory Overhead $144,000; credit Factory Payroll $144,000. .. Debit Factory Overhead $144,000; credit Work in Process InventoryAssembly $112,500; credit Work in ProcessFinishing $31,500. Last year, Wesson Company sold 10,000 units of its only product. If sales increase by 12% in the current year, how will unit variable cost and unit xed cost be affected? Unit Variable Cost Unit Fixed Cost Remains constant Remains constant Increases Decreases Decreases Remains constant Remains constant Decreases Remains constant Increases \"7- Choice C " Choice A Choice E -'.' Choice B '- Choice D Finished goods inventory is $190,000. If overhead applied to these goods is $72,000, and the overhead rate is 120% of direct labor, how much direct materials cost was incurred in producing the inventory? '7- $60,000. '.' $86,400. $58,000. ' ." $31,600. '"' $56,000. Henderson Co. has xed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the margin of safety as a percent of sales? 75%. \"r- 6%. Question 17 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is: '.' Debit Raw Materials Inventory $195,000: credit Accounts Payable $195,000. Debit Work in Process Inventory $195,000: credit Raw Materials Inventory $195,000. 'f- Debit Finished Goods Inventory $195,000; credit Raw Materials Inventory $195,000. Debit Work in Process Inventory $165,000: debit Factory Overhead $30,000: credit Raw Materials Inventory $195,000. " Debit Raw Materials Inventory $195,000: credit Work in Process Inventory $195,000. Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 110,000. Units completed and transferred out: 135,000. Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $43,000. Costs in beginning Work in Process - Conversion: $48,850. Costs incurred in February - Direct Materials: $287,000. Costs incurred in February - Conversion: $599,150. Calculate the equivalent units of materials. -'> 165,000 110,000 'T' 130,250 140,000 '\" 144.000 A company*s sales in Year 1 were $250,000 and in Year 2 were $287,500. Using Year 1 as the base year, the percent change forYear 2 compared to the base year is: 15%. -'.' 13%. 87%. fr- 115%. 100%. 3 During its most recent scal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? '77- $1,300,000. -'.' $2,800,000. $1,700,000. f ." $1,900,000. $1,100,000. A CVP graph presents data on: -'.' Prot, loss, and break-even on a total dollar basis. Only prot and loss on a total basis. 'f- Prot and loss on a per unit basis. Prot, loss, and break-even on a per unit basis. -" Prot and loss on a budget and actual basis. 3 During January, the production department of a process operations system completed and transferred to nished goods a total of 78,000 units. At the end of January, 9,000 additional units were in process in the production department and were 65% complete with respect to labor. The beginning inventory included labor cost of $37,100 and the production department incurred direct labor cost of $294,300 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method. -'> $6.34. $3.77. '7' $3.95. $3.51. $4.25. D Net sales divided by Average accounts receivable. net is the: 57- Amounts receivable turnover ratio. 5?- Average accounts receivable ratio. C'- Prot margin. c7- Davs' sales uncollected. r" Current ratio. Using the information below, compute the Davs' sales in raw materials inventory: Raw Materials Used 55 85,500 Beginning Raw Materials lnventorv 8,000 Ending Raw Materials Inventorv 9,000 D The Work in Process Inventory account for [)6 Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Beginning WIP Direct materials Direct labor Applied Overhead Total Manufacturing Costs To Finished Goods Ending WIP The cost of units transferred to nished goods is: $95,200. "-' $91000. " $83,100. 'T- $92,500. $105,900. D Net income divided by average total assets is: Days' income in assets. -'.' Current ratio. r\" Prot margin. r\" Total asset turnover. \"\" Return on total assets. Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period 0 $530,000. 0 $535,000. -" $448,000. \"' $774,000. $769,000. $ 1,304,000 239,000 36,000 41,000 540,000 D Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory:F balance was $22,000, and the materials used to complete jobs during the month were $141,000 of direct materials and $13,000 of indirect materials. What amount will Andrew debit to Work in Process Inventory for the month of March? $154,000 '\"- $141,000 '7' $165,000 -" $13,000 '7 '- $33,000 Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 [50,000 units, 100% complete for direct materials, 40% complete with respect to conversion costs: includes $370,500 of direct material cost; $34,050 of conversion costs). Units started in May Units completed in May Work in Process, May 31 (75,000 units. 100% complete for direct materials; 20% complete for conversion costs). Costs incurred in May Direct materials 342,000 Conversion costs 352.950 If Pitt Enterprises uses the FIFO method of process costing, compute the cost per equivalent unit for direct materials and conversion costs respectively for May. $1.50;$1.76. "- $1.52;$1.81. '7\" $3.30;$3.30. -" $1.71:$1.31. '77 $1.83; $1.72. D Raven Company has a target of earning $?0,000 ore-tax income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if xed costs are $36,000? -'\"- $300,000. '\" $420,000. \" $36,000. '"' $23,333. '7' $353,333. D Use the following data to compute total manufacturing costs for the month: Sales commissions ............................. $10,800 Direct labor 39,600 Indirect materials ............................... 15,200 Factory manager salaries 7,200 Factoryr supplies 9,000 Indirect labor 6,300 Depreciation-ofce equipment ............ 5,000 Direct materials................................. 40,500 Corporate ofce salaries 42,500 Depreciation-factory equipment 7,500 $125,300. '- $58,300. $141,100. $34,300. '- $45,200. D Refer to the following selected nancial information from Marston Company. Compute the company's accounts receivable turnover for Year 2. 86-500 82350 \"3-000